SlideShare a Scribd company logo
1. Sabrina owes $600 to Yale, who asks Sabrina to sign an instrument for the debt. If written on
the instrument by Sabrina, which of the following would prevent its negotiability: I.O.U. $600, I
promise to pay $600, or an instruction to the bank stating, I wish you would pay $600 to Yale?
Why?
2. Muriel Evans writes the following on the back of an envelope: I, Muriel Evans, promise to pay
Karen Marvin or bearer $100 on demand. Is this a negotiable instrument? Discuss fully.
3. Lyn writes a check for $900 to Mac, who indorses the check in blank and transfers it to Jan. She
then presents the check to Omega Bank, the drawee bank, for payment. Omega does not honor
the check. Is Lyn liable to Jan? Could Lyn be subject to criminal prosecution? Why or why not?

More Related Content

More from ADARSHMANISH

1 The table below is the data for an economy 4 Marks ITE.pdf
1 The table below is the data for an economy 4 Marks ITE.pdf1 The table below is the data for an economy 4 Marks ITE.pdf
1 The table below is the data for an economy 4 Marks ITE.pdf
ADARSHMANISH
 
1 The Successiveapproximation converter has a longer conve.pdf
1 The Successiveapproximation converter has a longer conve.pdf1 The Successiveapproximation converter has a longer conve.pdf
1 The Successiveapproximation converter has a longer conve.pdf
ADARSHMANISH
 
1 The skin is made up of the and the 2 convey sensations w.pdf
1 The skin is made up of the and the 2 convey sensations w.pdf1 The skin is made up of the and the 2 convey sensations w.pdf
1 The skin is made up of the and the 2 convey sensations w.pdf
ADARSHMANISH
 
1 The proton motive force PMF generated by the electron t.pdf
1 The proton motive force PMF generated by the electron t.pdf1 The proton motive force PMF generated by the electron t.pdf
1 The proton motive force PMF generated by the electron t.pdf
ADARSHMANISH
 
1 The production possibilities frontier I Suppose Japan pro.pdf
1 The production possibilities frontier I Suppose Japan pro.pdf1 The production possibilities frontier I Suppose Japan pro.pdf
1 The production possibilities frontier I Suppose Japan pro.pdf
ADARSHMANISH
 
1 The Port of Prince Rupert is BCs second largest port an.pdf
1 The Port of Prince Rupert is BCs second largest port an.pdf1 The Port of Prince Rupert is BCs second largest port an.pdf
1 The Port of Prince Rupert is BCs second largest port an.pdf
ADARSHMANISH
 
1 The patient a 12yearold boy shows several areas of to.pdf
1 The patient a 12yearold boy shows several areas of to.pdf1 The patient a 12yearold boy shows several areas of to.pdf
1 The patient a 12yearold boy shows several areas of to.pdf
ADARSHMANISH
 
1 The prebabiity that both bults are red is 2 The erobasic.pdf
1 The prebabiity that both bults are red is 2 The erobasic.pdf1 The prebabiity that both bults are red is 2 The erobasic.pdf
1 The prebabiity that both bults are red is 2 The erobasic.pdf
ADARSHMANISH
 
1 The paternal age appears to play an important role on the.pdf
1 The paternal age appears to play an important role on the.pdf1 The paternal age appears to play an important role on the.pdf
1 The paternal age appears to play an important role on the.pdf
ADARSHMANISH
 
1 The meteorological Department has issued a statement ment.pdf
1 The meteorological Department has issued a statement ment.pdf1 The meteorological Department has issued a statement ment.pdf
1 The meteorological Department has issued a statement ment.pdf
ADARSHMANISH
 
1 The idea underlying _____ is that satisfaction results fr.pdf
1 The idea underlying _____ is that satisfaction results fr.pdf1 The idea underlying _____ is that satisfaction results fr.pdf
1 The idea underlying _____ is that satisfaction results fr.pdf
ADARSHMANISH
 
1 The Great Wars In a land far far away there lived a mig.pdf
1 The Great Wars In a land far far away there lived a mig.pdf1 The Great Wars In a land far far away there lived a mig.pdf
1 The Great Wars In a land far far away there lived a mig.pdf
ADARSHMANISH
 
1 The GI tract from esophagus to anus is composed of four t.pdf
1 The GI tract from esophagus to anus is composed of four t.pdf1 The GI tract from esophagus to anus is composed of four t.pdf
1 The GI tract from esophagus to anus is composed of four t.pdf
ADARSHMANISH
 
1 The demand function for 2 types of goods is known Q1Q25.pdf
1 The demand function for 2 types of goods is known Q1Q25.pdf1 The demand function for 2 types of goods is known Q1Q25.pdf
1 The demand function for 2 types of goods is known Q1Q25.pdf
ADARSHMANISH
 
1 The election tansport chain uses hilhtomgy eloctrans fro.pdf
1 The election tansport chain uses hilhtomgy eloctrans fro.pdf1 The election tansport chain uses hilhtomgy eloctrans fro.pdf
1 The election tansport chain uses hilhtomgy eloctrans fro.pdf
ADARSHMANISH
 
1 The COVID19 pandemic represents one of the biggest chall.pdf
1 The COVID19 pandemic represents one of the biggest chall.pdf1 The COVID19 pandemic represents one of the biggest chall.pdf
1 The COVID19 pandemic represents one of the biggest chall.pdf
ADARSHMANISH
 
1 The cells shown in the diagram below are in various stage.pdf
1 The cells shown in the diagram below are in various stage.pdf1 The cells shown in the diagram below are in various stage.pdf
1 The cells shown in the diagram below are in various stage.pdf
ADARSHMANISH
 
1 The Chicago Mercantile Exchange has launched a financial .pdf
1 The Chicago Mercantile Exchange has launched a financial .pdf1 The Chicago Mercantile Exchange has launched a financial .pdf
1 The Chicago Mercantile Exchange has launched a financial .pdf
ADARSHMANISH
 
1 The cell cycle Mitosis At the beginning of mitosis the.pdf
1 The cell cycle  Mitosis At the beginning of mitosis the.pdf1 The cell cycle  Mitosis At the beginning of mitosis the.pdf
1 The cell cycle Mitosis At the beginning of mitosis the.pdf
ADARSHMANISH
 
1 Testereyi bileyin Kendini lmne altrma yilemeniz ye.pdf
1 Testereyi bileyin Kendini lmne altrma yilemeniz ye.pdf1 Testereyi bileyin Kendini lmne altrma yilemeniz ye.pdf
1 Testereyi bileyin Kendini lmne altrma yilemeniz ye.pdf
ADARSHMANISH
 

More from ADARSHMANISH (20)

1 The table below is the data for an economy 4 Marks ITE.pdf
1 The table below is the data for an economy 4 Marks ITE.pdf1 The table below is the data for an economy 4 Marks ITE.pdf
1 The table below is the data for an economy 4 Marks ITE.pdf
 
1 The Successiveapproximation converter has a longer conve.pdf
1 The Successiveapproximation converter has a longer conve.pdf1 The Successiveapproximation converter has a longer conve.pdf
1 The Successiveapproximation converter has a longer conve.pdf
 
1 The skin is made up of the and the 2 convey sensations w.pdf
1 The skin is made up of the and the 2 convey sensations w.pdf1 The skin is made up of the and the 2 convey sensations w.pdf
1 The skin is made up of the and the 2 convey sensations w.pdf
 
1 The proton motive force PMF generated by the electron t.pdf
1 The proton motive force PMF generated by the electron t.pdf1 The proton motive force PMF generated by the electron t.pdf
1 The proton motive force PMF generated by the electron t.pdf
 
1 The production possibilities frontier I Suppose Japan pro.pdf
1 The production possibilities frontier I Suppose Japan pro.pdf1 The production possibilities frontier I Suppose Japan pro.pdf
1 The production possibilities frontier I Suppose Japan pro.pdf
 
1 The Port of Prince Rupert is BCs second largest port an.pdf
1 The Port of Prince Rupert is BCs second largest port an.pdf1 The Port of Prince Rupert is BCs second largest port an.pdf
1 The Port of Prince Rupert is BCs second largest port an.pdf
 
1 The patient a 12yearold boy shows several areas of to.pdf
1 The patient a 12yearold boy shows several areas of to.pdf1 The patient a 12yearold boy shows several areas of to.pdf
1 The patient a 12yearold boy shows several areas of to.pdf
 
1 The prebabiity that both bults are red is 2 The erobasic.pdf
1 The prebabiity that both bults are red is 2 The erobasic.pdf1 The prebabiity that both bults are red is 2 The erobasic.pdf
1 The prebabiity that both bults are red is 2 The erobasic.pdf
 
1 The paternal age appears to play an important role on the.pdf
1 The paternal age appears to play an important role on the.pdf1 The paternal age appears to play an important role on the.pdf
1 The paternal age appears to play an important role on the.pdf
 
1 The meteorological Department has issued a statement ment.pdf
1 The meteorological Department has issued a statement ment.pdf1 The meteorological Department has issued a statement ment.pdf
1 The meteorological Department has issued a statement ment.pdf
 
1 The idea underlying _____ is that satisfaction results fr.pdf
1 The idea underlying _____ is that satisfaction results fr.pdf1 The idea underlying _____ is that satisfaction results fr.pdf
1 The idea underlying _____ is that satisfaction results fr.pdf
 
1 The Great Wars In a land far far away there lived a mig.pdf
1 The Great Wars In a land far far away there lived a mig.pdf1 The Great Wars In a land far far away there lived a mig.pdf
1 The Great Wars In a land far far away there lived a mig.pdf
 
1 The GI tract from esophagus to anus is composed of four t.pdf
1 The GI tract from esophagus to anus is composed of four t.pdf1 The GI tract from esophagus to anus is composed of four t.pdf
1 The GI tract from esophagus to anus is composed of four t.pdf
 
1 The demand function for 2 types of goods is known Q1Q25.pdf
1 The demand function for 2 types of goods is known Q1Q25.pdf1 The demand function for 2 types of goods is known Q1Q25.pdf
1 The demand function for 2 types of goods is known Q1Q25.pdf
 
1 The election tansport chain uses hilhtomgy eloctrans fro.pdf
1 The election tansport chain uses hilhtomgy eloctrans fro.pdf1 The election tansport chain uses hilhtomgy eloctrans fro.pdf
1 The election tansport chain uses hilhtomgy eloctrans fro.pdf
 
1 The COVID19 pandemic represents one of the biggest chall.pdf
1 The COVID19 pandemic represents one of the biggest chall.pdf1 The COVID19 pandemic represents one of the biggest chall.pdf
1 The COVID19 pandemic represents one of the biggest chall.pdf
 
1 The cells shown in the diagram below are in various stage.pdf
1 The cells shown in the diagram below are in various stage.pdf1 The cells shown in the diagram below are in various stage.pdf
1 The cells shown in the diagram below are in various stage.pdf
 
1 The Chicago Mercantile Exchange has launched a financial .pdf
1 The Chicago Mercantile Exchange has launched a financial .pdf1 The Chicago Mercantile Exchange has launched a financial .pdf
1 The Chicago Mercantile Exchange has launched a financial .pdf
 
1 The cell cycle Mitosis At the beginning of mitosis the.pdf
1 The cell cycle  Mitosis At the beginning of mitosis the.pdf1 The cell cycle  Mitosis At the beginning of mitosis the.pdf
1 The cell cycle Mitosis At the beginning of mitosis the.pdf
 
1 Testereyi bileyin Kendini lmne altrma yilemeniz ye.pdf
1 Testereyi bileyin Kendini lmne altrma yilemeniz ye.pdf1 Testereyi bileyin Kendini lmne altrma yilemeniz ye.pdf
1 Testereyi bileyin Kendini lmne altrma yilemeniz ye.pdf
 

Recently uploaded

Unit 8 - Information and Communication Technology (Paper I).pdf
Unit 8 - Information and Communication Technology (Paper I).pdfUnit 8 - Information and Communication Technology (Paper I).pdf
Unit 8 - Information and Communication Technology (Paper I).pdf
Thiyagu K
 
Normal Labour/ Stages of Labour/ Mechanism of Labour
Normal Labour/ Stages of Labour/ Mechanism of LabourNormal Labour/ Stages of Labour/ Mechanism of Labour
Normal Labour/ Stages of Labour/ Mechanism of Labour
Wasim Ak
 
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
Levi Shapiro
 
The Diamonds of 2023-2024 in the IGRA collection
The Diamonds of 2023-2024 in the IGRA collectionThe Diamonds of 2023-2024 in the IGRA collection
The Diamonds of 2023-2024 in the IGRA collection
Israel Genealogy Research Association
 
A Strategic Approach: GenAI in Education
A Strategic Approach: GenAI in EducationA Strategic Approach: GenAI in Education
A Strategic Approach: GenAI in Education
Peter Windle
 
Thesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.pptThesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.ppt
EverAndrsGuerraGuerr
 
"Protectable subject matters, Protection in biotechnology, Protection of othe...
"Protectable subject matters, Protection in biotechnology, Protection of othe..."Protectable subject matters, Protection in biotechnology, Protection of othe...
"Protectable subject matters, Protection in biotechnology, Protection of othe...
SACHIN R KONDAGURI
 
Lapbook sobre os Regimes Totalitários.pdf
Lapbook sobre os Regimes Totalitários.pdfLapbook sobre os Regimes Totalitários.pdf
Lapbook sobre os Regimes Totalitários.pdf
Jean Carlos Nunes Paixão
 
How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17
Celine George
 
The Accursed House by Émile Gaboriau.pptx
The Accursed House by Émile Gaboriau.pptxThe Accursed House by Émile Gaboriau.pptx
The Accursed House by Émile Gaboriau.pptx
DhatriParmar
 
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Dr. Vinod Kumar Kanvaria
 
The Diamond Necklace by Guy De Maupassant.pptx
The Diamond Necklace by Guy De Maupassant.pptxThe Diamond Necklace by Guy De Maupassant.pptx
The Diamond Necklace by Guy De Maupassant.pptx
DhatriParmar
 
STRAND 3 HYGIENIC PRACTICES.pptx GRADE 7 CBC
STRAND 3 HYGIENIC PRACTICES.pptx GRADE 7 CBCSTRAND 3 HYGIENIC PRACTICES.pptx GRADE 7 CBC
STRAND 3 HYGIENIC PRACTICES.pptx GRADE 7 CBC
kimdan468
 
A Survey of Techniques for Maximizing LLM Performance.pptx
A Survey of Techniques for Maximizing LLM Performance.pptxA Survey of Techniques for Maximizing LLM Performance.pptx
A Survey of Techniques for Maximizing LLM Performance.pptx
thanhdowork
 
Pride Month Slides 2024 David Douglas School District
Pride Month Slides 2024 David Douglas School DistrictPride Month Slides 2024 David Douglas School District
Pride Month Slides 2024 David Douglas School District
David Douglas School District
 
Synthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptxSynthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptx
Pavel ( NSTU)
 
2024.06.01 Introducing a competency framework for languag learning materials ...
2024.06.01 Introducing a competency framework for languag learning materials ...2024.06.01 Introducing a competency framework for languag learning materials ...
2024.06.01 Introducing a competency framework for languag learning materials ...
Sandy Millin
 
1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx
JosvitaDsouza2
 
Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
Chapter 4 - Islamic Financial Institutions in Malaysia.pptxChapter 4 - Islamic Financial Institutions in Malaysia.pptx
Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
Mohd Adib Abd Muin, Senior Lecturer at Universiti Utara Malaysia
 
Digital Artifact 2 - Investigating Pavilion Designs
Digital Artifact 2 - Investigating Pavilion DesignsDigital Artifact 2 - Investigating Pavilion Designs
Digital Artifact 2 - Investigating Pavilion Designs
chanes7
 

Recently uploaded (20)

Unit 8 - Information and Communication Technology (Paper I).pdf
Unit 8 - Information and Communication Technology (Paper I).pdfUnit 8 - Information and Communication Technology (Paper I).pdf
Unit 8 - Information and Communication Technology (Paper I).pdf
 
Normal Labour/ Stages of Labour/ Mechanism of Labour
Normal Labour/ Stages of Labour/ Mechanism of LabourNormal Labour/ Stages of Labour/ Mechanism of Labour
Normal Labour/ Stages of Labour/ Mechanism of Labour
 
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...
 
The Diamonds of 2023-2024 in the IGRA collection
The Diamonds of 2023-2024 in the IGRA collectionThe Diamonds of 2023-2024 in the IGRA collection
The Diamonds of 2023-2024 in the IGRA collection
 
A Strategic Approach: GenAI in Education
A Strategic Approach: GenAI in EducationA Strategic Approach: GenAI in Education
A Strategic Approach: GenAI in Education
 
Thesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.pptThesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.ppt
 
"Protectable subject matters, Protection in biotechnology, Protection of othe...
"Protectable subject matters, Protection in biotechnology, Protection of othe..."Protectable subject matters, Protection in biotechnology, Protection of othe...
"Protectable subject matters, Protection in biotechnology, Protection of othe...
 
Lapbook sobre os Regimes Totalitários.pdf
Lapbook sobre os Regimes Totalitários.pdfLapbook sobre os Regimes Totalitários.pdf
Lapbook sobre os Regimes Totalitários.pdf
 
How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17How to Make a Field invisible in Odoo 17
How to Make a Field invisible in Odoo 17
 
The Accursed House by Émile Gaboriau.pptx
The Accursed House by Émile Gaboriau.pptxThe Accursed House by Émile Gaboriau.pptx
The Accursed House by Émile Gaboriau.pptx
 
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...
 
The Diamond Necklace by Guy De Maupassant.pptx
The Diamond Necklace by Guy De Maupassant.pptxThe Diamond Necklace by Guy De Maupassant.pptx
The Diamond Necklace by Guy De Maupassant.pptx
 
STRAND 3 HYGIENIC PRACTICES.pptx GRADE 7 CBC
STRAND 3 HYGIENIC PRACTICES.pptx GRADE 7 CBCSTRAND 3 HYGIENIC PRACTICES.pptx GRADE 7 CBC
STRAND 3 HYGIENIC PRACTICES.pptx GRADE 7 CBC
 
A Survey of Techniques for Maximizing LLM Performance.pptx
A Survey of Techniques for Maximizing LLM Performance.pptxA Survey of Techniques for Maximizing LLM Performance.pptx
A Survey of Techniques for Maximizing LLM Performance.pptx
 
Pride Month Slides 2024 David Douglas School District
Pride Month Slides 2024 David Douglas School DistrictPride Month Slides 2024 David Douglas School District
Pride Month Slides 2024 David Douglas School District
 
Synthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptxSynthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptx
 
2024.06.01 Introducing a competency framework for languag learning materials ...
2024.06.01 Introducing a competency framework for languag learning materials ...2024.06.01 Introducing a competency framework for languag learning materials ...
2024.06.01 Introducing a competency framework for languag learning materials ...
 
1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx1.4 modern child centered education - mahatma gandhi-2.pptx
1.4 modern child centered education - mahatma gandhi-2.pptx
 
Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
Chapter 4 - Islamic Financial Institutions in Malaysia.pptxChapter 4 - Islamic Financial Institutions in Malaysia.pptx
Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
 
Digital Artifact 2 - Investigating Pavilion Designs
Digital Artifact 2 - Investigating Pavilion DesignsDigital Artifact 2 - Investigating Pavilion Designs
Digital Artifact 2 - Investigating Pavilion Designs
 

1 Sabrina owes 600 to Yale who asks Sabrina to sign an in.pdf

  • 1. 1. Sabrina owes $600 to Yale, who asks Sabrina to sign an instrument for the debt. If written on the instrument by Sabrina, which of the following would prevent its negotiability: I.O.U. $600, I promise to pay $600, or an instruction to the bank stating, I wish you would pay $600 to Yale? Why? 2. Muriel Evans writes the following on the back of an envelope: I, Muriel Evans, promise to pay Karen Marvin or bearer $100 on demand. Is this a negotiable instrument? Discuss fully. 3. Lyn writes a check for $900 to Mac, who indorses the check in blank and transfers it to Jan. She then presents the check to Omega Bank, the drawee bank, for payment. Omega does not honor the check. Is Lyn liable to Jan? Could Lyn be subject to criminal prosecution? Why or why not?